Deep Well Services CEO Mark Marmo to speak at Executive Networking Session

PITTSBURGH - Sept. 16, 2015 - PRLog -- Deep Well Services CEO Mark Marmo will make a presentation during an Environmental Resources Management (ERM) Executive Networking Session on September 17.

    The one-hour Webinar will begin at 1 p.m. EST (noon CDT/10 a.m. PST).

    Marmo’s session will focus on “a leader’s experience with rapid growth in a cash constrained market and the business value of health and safety.”

    Deep Well Services (DWS) certainly provided Marmo with plenty of material. As the Marcellus Shale industry established a foothold in western Pennsylvania, DWS implemented strategies to once again make the region among the most prominent energy capitals in the United States.

    The DWS team had a vision that helped western Pennsylvania’s workforce become energy experts. Along with his partners, Marmo embraced the concept that various aspects of the natural gas drilling business didn’t have to be “imported” from traditional energy hotbeds such as those in Texas, Oklahoma or Colorado. Why not right here in Pennsylvania?

    The Deep Well Services team believed that bringing in specialized piping and drilling equipment would entail a huge expense. Instead, DWS set out to establish a company that could achieve the same results in western Pennsylvania and prove that the DWS team is just as productive as any company from the energy patch.

    Today, more than 60 percent of the Deep Well Services’ workforce is from Pennsylvania or West Virginia. Since its founding in 2011, DWS profits have steadily climbed.

    With more than 20 years of financial, operational and management experience in diverse industries, Marmo came to Zelienople-based Deep Well Services in 2012 as CFO and quickly applied his strengths, which include a comprehensive knowledge of corporate operations, finance and purchasing functions, and the ability to quickly evaluate and amend operational or financial shortcomings.

    Since being named CEO and President in early 2013, Marmo has led DWS into rapid and ongoing growth, even as other companies in the industry have slowed down.

    DWS' revenues went from $14.2 mm for 2013 to $27 mm for 2014. Revenues currently are more than $35 mm.

    The company has been in the news for completion of work on the Tyler County, W.Va., Stewart Winland pad, one of the biggest wells in the Utica play.  DWS has worked on seven of the 12 highest Utica producing wells

    DWS continues to invest in state-of-the-art equipment and training for its workforce. The company received recognition for the addition of a 15K, 250 jack snubbing unit in June 2015 and a snubbing simulator to improve preparedness, safety and education about snubbing this spring.

    In February 2015, DWS added a 10K 285 standalone snubbing unit and a 112-foot, 265,000-pull service rig.

    DWS began work in August 2015 in the Duvernay formation in Alberta, Canada, adding an international tie to the Pittsburgh company.

    DWS has 155 employees, up from 125 in November 2014. The number will increase with the Alberta work. The company anticipates the 2015 profits to increase by 90 percent over 2014.

    Marmo and DWS recently received recognition as a 2015 Smart 50 Award honoree by Smart Business. The Pennsylvania Business Central publication named Marmo among Pennsylvania’s Top 100 People. Deep Well Services was the sixth-fastest growing private company in Pittsburgh 2012 through 2014 with revenue growth  of 262.7 percent.